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Parsing JPMorgan’s Results For Clues About Asset Manager Earnings

JPMorgan (JPM) is rising on Friday, thanks to its third-quarter earnings report. The firm’s Asset Management division, JPMorgan saw a 0.7% decrease in asset management, administration and commissions revenue. By contrast, Keefe, Bruyette & Woods Brian Kleinhanzl and his team are expecting 1.5% increase in total revenues for the traditional asset manager industry.
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